There were some stocks which had managed to make strong moves yesterday and investors are possibly going to look into those this morning. One of the stocks which could be in focus today is the Priority Aviation Inc (OTCMKTS:PJET) stock, which managed to clock gains of as much as 28% yesterday.
Trading Data
On Tuesday, PJET stock jumped 28.57% to $0.0036 with more than 32.35 million shares, compared to its average volume of 14.99 million shares. The stock has moved within a range of $0.0028 – 0.0040 after opening trade at $0.0040.
PJET Sets Out To Build Multigenerational Brand Serving 500 Million College Student
It may be a good time to take a closer look at the company and then figure out the course of action. The company is currently planning to create a branded suite of services that seeks to dip into the vast pool of 500 million college students all over the world.
Last week the company had come into focus among investors after it released a publication that laid its strategic overview for the year 2022. In the presentation, Priority Aviation provided a glimpse into the Student Housing By Owner (SHBO) App.
The company noted in its presentation that it had ambitious plans to turn the SHBO App into a globally available marketplace like Amazon and serve a population that may span multiple generations. Investors seem to be quite excited about the stock at this point in time and it remains to be seen if it can continue to rally today.
Technical Data
PJET stock is trading below the 20-Day and 50-Day Moving averages of $0.0045 and $0.0054 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0086.
